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Appendix 3B New issue announcement, application for quotation of additional securities and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003, 24/10/2005.

Name of entity

COALWORKS LIMITED

ABN

51 114 702 831

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

1 +Class of +securities issued or to be
issued Fully paid ordinary shares
2 Number of +securities issued or to be issued (if known) or maximum number which may be issued

166,666 shares

3 Principal terms of the +securities (eg, if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion)

Fully paid ordinary shares

4 Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted

+securities?

If the additional securities do not rank equally, please state:
• the date from which they do
• the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment
• the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

Yes, the shares to be issued will rank equally in all respects from the date of allotment with the existing fully paid ordinary shares on issue

5 Issue price or consideration

50 cents per share

6 Purpose of the issue
(If issued as consideration for the acquisition of assets, clearly identify those assets)

Exercise of Options pursuant to ESOP. Funds raised will be used for working capital

7 Dates of entering +securities into uncertificated holdings or despatch of certificates

19 April 2012

8 Number and +class of all
+securities quoted on ASX (including the securities in clause 2 if applicable)

+ See chapter 19 for defined terms.

Appendix 3B Page 2 1/1/2003

9 Number and +class of all
+securities not quoted on ASX (including the securities in clause 2 if applicable)
10 Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)

No dividend policy has been established

Part 2 - Bonus issue or pro rata issue

Questions 11 to 33 are not applicable

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

34 Type of securities
(tick one)
(a)